A statement released earlier today by Scotia Capital about Element Financial Corp (TSE:EFN) ups the target price to $20.00

On 8/4/2016, TD Securities released a statement on Element Financial Corp (TSE:EFN) bumped up the target price from $0.00 to $20.00. At the time, this indicated a possible upside of 0.44%.

Having a price of $15.82, Element Financial Corp (TSE:EFN) traded 2.17% higher on the day. The last closing price is up 9.77% from the two hundred day average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Element Financial Corp has recorded a 50-day average of $13.96 and a 200-day moving average of $14.39. 1,614,842 shares of the stock traded, up from an avg. volume of 1,422,030

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With a market capitalization of $0, Element Financial Corp has price-earnings ratio of 22.18 with a 52 week low of $11.47 and a 52 week high of $19.53 .

In addition to Scotia Capital reporting its target price, a total of 12 equity analysts have issued a report on the stock. The consensus price target is $15.76 with 3 brokers rating the company a strong buy, seven brokerages rating the company a buy, zero brokers rating the stock a hold, 1 firm rating the stock a underperform, and finally zero equity analysts rating the company a sell.

More About Element Financial Corp (TSE:EFN)

Element Financial Corporation is a Canada-based independent financial services company. The Company originates, co-invests in and manages asset-based financings and related service programs with operations in Canada, the United States, Australia, New Zealand and Mexico. The Company's operations include approximately four business verticals, such as Fleet Management, which provides vehicle fleet leasing and management solutions and related service programs to North American companies, including service cards, remarketing, maintenance management and accident services; Rail Finance, which provides railcar leasing through vendor financing programs; Commercial and Vendor Finance, which services the mid-ticket finance segment of the equipment finance industry, and Aviation Finance, which originates equipment financing and leasing transactions primarily for the financing of assets, such as helicopters, simulators and business aircraft.